Suppose the supply curve for wool mittens is represented as: Q = 50 + 1/2X - 5Y - 24Z. Which one of the following statements below is true? A. The variable Y could be the price that wool mittens sell for in the market. B. The variable X could be the price of the wool used to make mittens. C. The variable Y could be the price of the wool used to make mittens. D. The variable X could be consumers income.
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Home » Business » Suppose the supply curve for wool mittens is represented as: Q = 50 + 1/2X - 5Y - 24Z. Which one of the following statements below is true? A. The variable Y could be the price that wool mittens sell for in the market. B.